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Emerging Markets

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Six Middle Eastern and Asian banks are bookrunners on DAE's first loan since completing acquisition of Macquarie AirFinance
Africa’s largest IPO backed by Africa-focused Pan-African Refinery Investment after agreeing to $1bn underwriting programme
Treasury yields and oil continue to rise

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  • Equity markets turned volatile again this week as trade tensions between the US and China escalated further, making accelerated equity sales more difficult.
  • CEE
    Magnitogorsk Iron and Steel Works, the second largest steel producer in Russia is embarking on a roadshow for a dollar benchmark five year bond — its first for 16 years.
  • CEE
    Russian borrowers are making their presence felt in international capital markets. Two syndicated loans are expected to close this week, as well as a bond from a steel manufacturer. The sovereign is also eyeing up the the primary bond market, but the threat of further US sanctions still looms.
  • JH Educational Technology will hit the road for its Hong Kong Stock Exchange listing after it completes investor education this Friday.
  • Chinese online tutorial platform GSX Techedu is fully covered for its listing on the New York Stock Exchange.
  • The International Federation of Red Cross and Red Crescent Societies (IFRC) plans to issue a sukuk as part of its fundraising for a water, sanitation and hygiene programme.